Situation and Description
This raised ground floor flat extends to 593sqft (55.1sqm) and is in good condition throughout making it an ideal investment or first-time buy. The development is located just south of Enfield town centre which offers a wide range of shopping, employment and leisure opportunities. Enfield Town overground station is nearby which gives direct access into Central London and the surrounding boroughs.
The flat consists of: Entrance Hall, Living/Dining/Kitchen, 2 Double Bedrooms, Bathroom and En-Suite Shower Room. Outside there is a wrap around terrace accessed from the main bedroom and living room. The flat also benefits from a parking space.
The flat is held on a long lease from 10th May 2000 for the term of 125 years with a ground rent of £225 per annum, rising £50 every 25 years.
It is our understanding that no EWS1 form is available for the development but the Fire Risk Assessment Report is available in the Legal Pack and it our advice for interested parties to check the requirements of their mortgage lenders prior to bidding.
The lot is to be sold by online auction on Wednesday 11th May at 4:15pm (bidding opens on Tuesday 10th May at 12pm)
All interested parties who wish to bid, please contact My Auction on 0207 101 4868
Please note that a Buyer’s Premium of 1.2% inc.VAT of the purchase price is to be paid by the successful Buyer (subject to a minimum fee of £2,400 inc.VAT).
125 years (103 years unexpired)
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.